DGAP-News
PVA TePla increases sales revenues and earnings in the first nine months 2020 - Seite 2
With a slight increase in business volume compared to the same period of the previous year, PVA TePla achieved a further significant qualitative improvement in earnings. The gross margin increased to 30.9% (previous year: 28.4%), while EBITDA of EUR 13.1 million (previous year: EUR 11.9 million) was higher than in the same period of the previous year, both in absolute terms and in percentage terms (13.5%; previous year: 12.3%). The operating result (EBIT) rose by more than 10% to EUR 10.0 million compared to EUR 9.0 million in the first three quarters of 2019. The EBIT margin at Group level was 10.3% (previous year: 9.4%) and thus double-digit.
By the increased profitability, PVA TePla's equity also rose to EUR 64.4 million (December 31, 2019: EUR 57.3 million). The equity ratio increased accordingly to 35.4% (December 31, 2019: 31.7%). The net financial position as of September 30, 2020 was EUR 22.6 million (December 31, 2019: EUR 21.0 million).
Good order situation for 2021
With a high order backlog of EUR 137 million (December 31, 2019: EUR 170.6 million), the PVA TePla Group is comfortably positioned and looks forward to the upcoming fiscal year with confidence.
Despite the challenging market environment, orders amounting to EUR 63.5 million were obtained.
At the quarterly reporting date, the Semiconductor Systems division had an order backlog of EUR 92.1 million (December 31, 2019: EUR 114.1 million) and incoming orders of EUR 42.7 million (previous year: EUR 70.8 million). Order backlog in the Industrial Systems Division amounted to EUR 45.0 million (December 31, 2019: EUR 56.5 million). The division recorded incoming orders of EUR 20.9 million (previous year: EUR 40.0 million).
Medium to long-term growth trend intact
For the current 2020 financial year, the Group expects sales revenues in the scale of EUR 130 million and an operating profit (EBITDA) in the scale of EUR 17 million. With its innovative high-tech
products and solutions, PVA TePla AG has a stable basis for further growth.
For further information, please contact:
Dr. Gert Fisahn
Investor Relations
PVA TePla AG
Phone: +49(0)641/68690-400
gert.fisahn@pvatepla.com
www.pvatepla.com
06.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.